home building in our hometown

Housing starts expectations positive for Calgary region

CALGARY — Expectations for futurehousing starts in the Calgary region are positive, according to the Conference Board of Canada.

The board reported Friday that the Calgary census metropolitan area can expect a positiveclimate for the homebuilding industry in both the short and long term. The board said the seasonally-adjusted annual rate for housing starts in the Calgary CMA in September was 8,534 units, up slightly from 8,449 a year ago. Short-termexpectations are based on residential permits data. Long-termexpectations are based on demographic requirements. The boardsaid seven CMAs in Canada have negative short- and long-term expectations — themost since February. Only 10 of 27 CMAs have positive short-term expectations across the country.